Examlex
The total amount of water in the hydrologic cycle has decreased over millions of years.
Probability Distribution
A probability distribution describes how probabilities are distributed over the values of a random variable.
Reservation Price
The maximum or minimum price at which a person is willing to buy or sell a good or service.
English Auction
A bidding process where participants openly bid against each other, and the item is sold to the highest bidder.
Willingness To Pay
The maximum amount an individual or organization is prepared to spend to acquire a good, service, or avoid something undesirable.
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